Greek Corporate Junk Bonds Attracts US Investors

India move aside. Frigoglass SA sold its 250 million euro debut bond deal tight on Monday, amid growing confidence from investors about Greece. This is part of a growing trend of Greek Junk Bonds attracting foreign investors.

Greek Junk Bonds and Yields

Frigoglass is the Greek maker of drinks fridges with large operations in Africa. Its five year senior high yield notes traded up nearly two points on Tuesday.

Frigoglass’ 250 million euro ($324.3 million) bond is the second debt sale from a Greek company in as many...